2012-11-08
2012-11-16
x obama administration

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English 127

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as the chinese economy shows signs of improve. >>> and we'll head out to washington for a view on how the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying the investment figures were encouraging. looking relatively strong. the government hasn't put up of much money in the infrastructure projects, so that's part of the equation here. other part is retail and consumpt

the economy. some of you may remember that bill clinton years on the economy were the best they had ever been in american history. it was the same old people that were taking advantage of circumstances that presented itself. that basically -- with a reduced electorate. no, i do not think they have a future. there is a congressman from georgia named paul brown who happens to be a doctor. he thinks that the big bang theory and evolution are works of the devil. you know, that is not the future. go to maryland, go to the maryland suburbs and look at the companies that are making billions of dollars doing genetic research. genetic research is all about evolution. >> are there additional questions? >> i just wanted to ask about when you saw effective black and latino alliances during the 2012 election? >> and the places where there were blacks and latinos living in proximity, all the states where there are both black and latino populations, in florida, virginia, less so in colorado. the black population is fairly small. nevada, definitely. the right in the country and especially the ultraconservati

. tom will be along later in the program. congress officially gets back to preventing the u.s. economy from falling off the fiscal cliff. while washington struggles on a fiscal cliff deal, what should you do about your portfolio? jeff applegate has some answers. he's chief investment officer at morgan stanley smith barney. and home depot hammers home strong gains and lays the foundation for a strong quarter ahead. that and more tonight on "n.b.r." it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and g

% that we can't afford and according to economists, will have the least positive impact on our economy. >> all right. i don't know about you, but to me, that sounds like a fairly staunch and unwavering position. and yet, the president did insist he's staying open to new ideas. take a listen to this one. >> i am open to new ideas, if the republican counterparts or some democrats have a great idea for us to raise revenue, maintain progressivity, make sure the middle class isn't getting hit, reduces our deficit, encourages growth, i'm not going to just slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> all right. now, that second one -- that second one was pretty good, if you ask me. and again, i'm trying to be optimistic about tax reform rather than higher tax rates that will damage economic incentives. but does this really sound like somebody who's ready to make a deal? that's a big question. here now is cnbc contributor keith bicycoykin, and david web radio talk show host and co-founder of tea party 365. steve, did the president sound like he was rea

with the economy. and make sure we do not go back into a recession. but they do want to stick to their guns. they feel like they are really won the election and not to cave in to the republicans on the upper income tax rate. host: chicago, ill., let us go matt, hi. caller: my comment is this, in order for us to solve this problem, both sides are going to have to experience a pretty significant amount of political pain. from my side, i am a lot of the center, i would like to see texas go up on the wealthy. but at the same time, being from chicago i remember when the simpson balls report came out, and congresswoman should kautsky, she said this is horrible there's no way i will vote for this. and i did not think that was right either. clearly, we are going to have to do something about medicare. i am not in favor of the ryan plan. my overall point is, and unfortunately we have not seen this in the past few years, steve is coming more from the right than from my side, but the overall bank is that both sides are born to half to be willing to take on a significant amount of pain. i hope the will

when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that's the focus of the plan i talked about during the campaign. it's a plan to reward businesses that create jobs here in america, and give people access to the education and training that those businesses are looking for. it's a plan to rebuild our infrastructure and keep us on the cutting edge of innovation and clean energy. and it's a plan to reduce our deficit in a balanced and responsible way. this is even more important because at the end of this year, we face a series of deadlines that require us to make major decisions about how to pay down our deficit -- decisions that will have a huge impact on the economy and the middle class, now and in the future. last year, i worked with democrats and republicans to cut a trillion dollars' worth of spending, and i intend to work with both parties to do more. but as i said over and over again on the campaign trail, we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spendin

with the story. the looming fiscal cliff, our economy hanging in the balance. moody's chief economist with us next. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corne us bank. lou: let's bring you up-to-date correctly on the money and what is happening on wall street. concernssabout pending tax hikes and budget cuts also known as the fiscal cliff. too much for many investors. stock prices for a second straight session. the dow down another hundred and 20 points. the index down three and three-quarters percent. down 400 points. the s&p down another 70. the loss, now three and a half percent. and nasdaq 42 points. mounting to almost 4%. all three indexes trading under their 200 day moving average. volume, two or three quarter billion shares. negative.

. >> this week, i called for action by both parties on a plan to help our economy grow and create jobs, which is critical to solving our debt. it's also critical to averting the so-called fiscal cliff, a combination of automatic spending cuts and tax rate increases that's just weeks away from taking effect. some have said that despite the risks, we should let our nation's economy go off part of the fiscal cliff in january, by allowing the top two rates to rise. they believe that doing that will generate more revenue for the federal government. but here's the problem with that. raising those rates on january 1 would, according to the independent firm ernst & young, destroy 700,000 american jobs. that's because many of those hit by this tax increase are small business owners -- the very people who are the key to job creation in america. i used to be one of them. this week, i offered congratulations to president obama -- along with an alternative to sending our economy over any part of the fiscal cliff. instead of raising tax rates on the american people and accepting the damage it will do to ou

everyone will be affected if there is no deal. it could throw the economy back into recession and cost no income families about $2,000 more next year. those are some of the latest headlines on c-span radio. [video clip] >> i enjoyed watching book tv -- >> i enjoy the rebroadcast of various television news programs. i like that they provide coverage without the sound bites. it really gives me an opportunity to consume as much information on what is going on. c-span is a great way to kind of get an unfiltered view of the day's events. >> c-span, created by america's cable companies in 1979, brought to you as a public service by your television provider. >> "washington journal" continues. ,ost: we're back with evan bayh now co-founder of the no labels organization. let me begin with the petraeus resignation. is your reaction -- what is your reaction? guest: it is if personal tragedy. he was doing a fabulous job as director. we're fortunate that we have a great leadership team. michael morrell house now now stepped- hasno in. host: did he have to resign? guest: my own answer is yeah, i thi

president hu's ten years at the top. it was the world's sixth largest economy. and now it's the second largest. and yet, while this nation's ranks of billionaires and millionaires have ballooned, millions still live on about a dollar a day. we asked nhk world's itch taca yamaka to take a look at president hu's accomplishments and the challenges facing the next generation. >> reporter: china has faced many domestic and diplomatic challenges over the past decade under president hu jintao's leadership. >> reporter: hu promoted what he called the concept of scientific development. the policy aims to create a harmon society, even if the process required slower growth. the hu administration abolished a two-year-old tax farmers had to pay based on the size of harvests. it was part of the president's effort to narrow the economic gap between urban and rural areas. hu also worked toward a sweeping consolidation of coal mines and chemical plants, which resulted in a reduction in pollution. but the president hasn't been able to control china's income disparity or corruption among its bureaucrats,

of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com. we have so much technology in our store to really show the customers what's going on with their bodies. now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really g

implications for orientation, not just generally, how it affects the economy, but also in the middle east, something that has to be thought about. there's also the question of the future of the european union which will have an impact, again, not only on the economy, but could also have an impact in terms of what happens in the middle east. we could reserve some of the questions for the q&a, but what i'd like to focus on are a few of the key issues i think are most immediate and prominent. starting with iran. i think 2013 will be a decisive year. for people with long memories, say say, well, gee, people talk about iran for a long time, and every year it's supposed to be the decisive year. why do i say this year? two reasons. one, i think, actually, the impact of sanctions is profound. for the first time, it's truly profound in the case of iran. we have the supreme leader, two weeks ago, referring to the sanctions being brutal, his words. the sanctions are brutal. this is someone whose said on an ongoing basis, looked, we lived with sanctions since the beginning of the islamic republic, th

economy, stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground. i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. >> that was speaker of the house, john boehner, talking about the looming fiscal cliche. republicans are ready to sit down at the table with president obam a. but is he prepared to compromise? listen to when he had to say earlier today. >> i want to be clear. i am not wedded to every dedale tail of my plan. i am open to compromise. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. i am not going to do that. i want to point out, this was a central question during the election. it was debated over and over again. and on tuesday night, we found out that the majority of americans agree with my approach. and that includes democrat independents and a lot of r

. >>> within the hour, word that president obama will make a statement on the fiscal cliff and the economy at 1:00 p.m. tomorrow. the congressional budget office issued a new scenario of what happens if the president and congress fail to act. eamon javers joins us now with the details. good evening, eamon. >> reporter: good evening, larry. as you say, we're getting news tonight we're going to get dueling appearances tomorrow between speaker john boehner and president barack obama. the speaker will address a crowd of reporters at 11:00 in the morning. he will take questions from the press. we're told obama will speak at 1:00 in the east room of the white house and will not take questions from reporters. there will be an audience there, but he will not be taking questions. meanwhile, we're getting this report out today from the cbo, which is laying out the scenario of just how bad things would be if we go over the fiscal cliff. let me give you a couple of the key bullet points here. the cbo saying if we go over the cliff the gdp would drop by 0.5% in 2013. it could decline in the first half of th

afternoon, talk about the economy, fiscal cliff. it doesn't look like he will take questions, not a full scale. post election news conference, though. it may be coming soon. >> bret: we'll cover it live on fox. thanks. what is the most pressing issue right now for president? let me know on twitter. follow me. @bretbaier. we kept you well fed with steady diet of polls in the campaign. which ones were right? this which ones were complete junk food? answer is later in the grapevine. up next, trying to wean the economy off massive debt and deficits. [ male announcer ] what are happy kids made of? bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. a wand, some wings, soup with good things. sidewalks and doodles and wholesome noodles. puddles and pails and yes, puppy dog tails. for a lunch like this, there's a hug and a kiss. because that's what happy kids are made of. campbell's. it's amazing what soup can do. >> bret: one of the most pressing issue for president obama and the lame duck congress is the crushing debt and

, and more could be on our way out. shannon green with the story. the looming fiscal cliff, our economy hanging in the balance. rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-ma marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an fice. get a free trial at constantcontact.com. lou: let's bring you upto-date correctly on the money and what is happening on wall street. concernssabout pending tax hikes and budget cuts also known as the fiscal cliff. too much for many investors. stock prices for a second straight session. the dow down another hundred and 20 points. the index down three and three-quarters percent. down 400 points. the s&p down another 70. the loss, now three and a half percent. and nasdaq 42 points. mounting t

of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> well, it didn't take long, talk of compromise, post postelection, turning into stalemate. john boehner and barack obama not budging as we rapidly approach the fiscal cliff. >> 2013 should be the year we begin to solve our debt through tax reform and entitlement reform. i am proposing we avert the fiscal cliff together, in a manner that insures that 2013 is finally the yirr that our government comes to grips with a major problems that are facing it. >> on tuesday night, we found out that the majority of americans agree with my approach. and that includes democrats, independents and a lot of republicans, across the country, as well as independent economists and budget experts. that is how you reduce the deficit, with a balanced approach. >> four years of the obama administration, and the econo

in the campaign it laid out his economic plan for how to build an economy, strengthen the economy. that is obviously a central focus of not just the next few weeks, but the next four years. part of that is to reduce the deficit in a balanced way. obviously we have some deadlines approaching. one of the messages sent by the american people throughout the campaign, as jim misener mentioned, clearly shows the president's view of making sure that the wealthiest americans are asked to do a little bit more in the context of reducing our deficit in a balanced way. it is clear that the voters did not see compromise as a dirty word. it is essential for democracy. balance is another important component. hopefully in the aftermath of the election our leaders in both parties and around the country will do the right thing here to help move our economy forward. as the president often said during the campaign, we've got a lot more work to do, but we have made progress, and we have to build on that. this is one component of how we do that, moving forward. >> always curious, did you ever think mic

the consumer. will that halt a chance for a full recovery for our economy. i am david asbin. welcome to forbes on fox. we'll go to teave, and rick and victoria and morgan and elizabeth. stove is not repealing health care law hurt the recovery? >> it will hurt subis it notly. it will hit the bad pars and no coincidence after the election . taxes are going for individuals and businesses. do they dump the people on medicare and you will see another thing happen, fewer full-time yobs and not catching up in obamacare. >> rick unger, it is not just businesss and folks of businesses making over $150,000.ine those making $50,000 or more it will cost them money . it is going to cost and maybe it is good in the long run but it costs. >> the arguments remind me what we heard in the 60s when fica taxes were doubled to pay for medicare . we survived. you would not imagine calls i have had business owners and cancer survivors it is going to survive and now the law of the land. we'll talk about it in three years and not going to cost a yob. jobs are going to grow. >> is this a rick unger. are you willing to

's at stake for the economy as well as your personal finances. zimplt president obama confronting a looming financial. they have 53 days to come up with a solution to avoid going over the so-called fiscal cliff. what are we talking about? it's a combination of automatic spending cuts to the tune of $1.2 trillion over the next. our chief white house correspondent jessica yellin will talk about this, and you bring up a very good point now. during the second term campaign, but she's been pretty clear, right, on his stance regarding the fiscal cliff and his obama line. tell us what it is. >> that's right, suzanne. he has laid out that his negotiating terms include the following. he is willing to compromise and raise some revenue by altering some parts of medicare and medicaid on entitlement reforms. he is also insistent that some revenue be raised by changing the tax rates. you know, those bush tax cuts expire at the end of this year, and he has said that the wealthiest americans must pay more. we've heard it on the campaign trail over and over. one thing he has hit is that those who make $250,

that we could have a double dip recession if the economy gets the double whammy of massive spending cuts kicking in on january 2. and a big tax increases kicking in. the president celebrating in chicago. the sobering reality of governing is setting in here. the president is going to have a crowd of people, we are told, middle-class families who will be impacted by the fiscal cliff. the kind of thing you might see on the campaign trail, raising the question is whether or not the campaign continues. as the president tries to go directly to the american people and sell his case. john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand that the president will invite congre

are critical in order to get the economy growing again and people back to work. and i think that is the over -- it's certainly the number one domestic challenge. my point is it's always the number one national security challenge. why? because a healthy economy and a healthy balance sheet undergirds everything we do internationally. it funds our military, it gives strength to our diplomacy, it allows us to be an attractive trading partner which gives us economic influence. it undergirds everything we do overseas. but secondly, it also undergirds the power of the american idea. the american idea is political democracy and free markets makes for a stable situation in the long term but also makes for a prosperous society that is able to deliver on its people. that is really what america has stood for. and by our failure to resolve our own problems and get our economy growing and going again, we undermine the strength of the american idea internationally. and that's why countries are flirting with this notion of, well, maybe china has it right; state capitalism plus keeping your people in line. a

economy energy eyes jiesed by simpler tax codes with fewer loopholes and lower rates for all? so his increaseded revenue is lower rates or dynamic scoring, i don't know. but i think he was able to pivot on his spin but in terms of the substance i don't think he's moved. >> i'm glad that you read his words because i do think that is what the republicans mean by revenue. the theory -- and it's a theory and there are detrack tors of this theory and supporters of the theory which is if you have lower tax rates, there will be more economic growth and activity which will in turn result in additional tax revenue into the u.s. treasury. and again, it really comes down to whether you buy into that theory. the republicans hold that theory and believe in it. the other side of the aisle doesn't believe in that theory to the same degree that the republicans do. so it almost comes down to what stan said is do you have steal mate over the i'd olingses and i think we all know that with the senate becoming a bit more liberal and the house becoming a bit more conservative that those are going to clash

of the fiscal cliff and raising taxes on the top two rates would cost the economy more than 700,000 jobs. >> rorter: so republicans are hoping for new revenues but not from increased tax rates. remember, jenna, back in 2010, when the economy was growing at 2.3%, president obama extended all the bush tax cuts saying the economy was too weak to digest a tax increase. now it is growing at 2% but mr. obama is forging ahead anyway. jenna. jenna: it will be interesting to watch. jim, thank you. >> reporter: yes, ma'am. jon:. >> mr. president, this is your moment. we're ready to be led not as democrats or republicans but as americans. we want you to lead, not as a liberal or a conservative, but as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> it's better to dance than to fight. it is better to work together. everything doesn't have to be a fight. everything doesn't have to be a fight. that is the way it has been the las

you up to date on what is happening with the fiscal cliff. the market, the economy. the fiscal cliff is threatening wall street, stocks beginning with some optism, a modest lly only to see wary of the fiscal cliff. the dow and s&p down half a percent on the day. the nasdaq down three quarters of a percent. all the indexes under the 200 day moving averages, that is not good. tech shares the weakest of the market, microsoft a big weight on the market down three and three arters of a percent on news the person responsible for the companies windows 8 has left the company. cisco unchanged but the stock is trading slightly higher. beating targets on revenue and earnings. and the stock market struggling, but the moneyymoving out of stocks back into the debt market pushing prices hgher. the 10-year yield down to a 1.59%. getting a better understanding of the constituents, back in waington in session with a long list of chores. none more pressing than dealing with a fiscal cliff of the benghazi investigion. joining us now, host of "huckabee" on the fox ne channel. and author of the brand-new

of president obama mean for the economy and for your money? cheryl casone breaks it down next. >> hillary clinton is talking about the future and her political career. >> announcer: meet jill. she thought she'd feel better after seeing her doctor. and she might have, if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. now meet amanda. with a swipe of her debit card, she bought some gas... and an all-expense-paid trip to hawaii for ben. ben is the intity thief who used a device called a skimmer to steal her formation from her card to open a fraudulent account. every year millions of americans just like you learn that a little personal information in the wrong hands could wre havoc on your life. this is identity theft, and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. ordinary credit monitoring services tell you after your identity has been stolen; they may take 30 days to alert you! too late for amanda. with lifelock's

with a deal like that, what does that do to an economy, which is moving along at 1 1/2 or 2 ?rs. nobody suggests you raise tax when is the economy's chugging along at 1 or 2%. what is the philosophy behind this, other than it's neo-marxist, let's go after the rich guys and hammer them. >> greta: pat, thank you. always nice to see you. >> coming up, republican and democratic lawmakers say they didn't see it coming. so many question, why the general petraeus resignation now? is it benghazi investigation, in any way related? our panel is here to talk about. that and then two former presidents and a former governor, now another bush family member is getting ready to run. which one is it? what is he running for? in two ♪ i am the ghost of cookies past. residue. so gross. well you didn't use new pam, so it looks like you're "stuck" with me. [ female announcer ] bargain brand cooking spray leaves annoying residue. that's why there's new pam. [ female announcer ] bargain brand cooking spray leaves annoying residue. ♪♪ you can help othersnk along the way. ♪ ♪ a portion of every bottle

policy to help the economy grow and help it continue to create jobs. he is also focused on his national security agenda. he has great confidence in the acting c.i.a. director. he has confidence in his military and the secretary of defense and defense department to carry out the missions that he's assigned to them. he's got a lot he wants to work on and is doing that this week. >> how does that affect his need to advance his security team? >> these are specific questions about specific individuals and posts. i can say now even though you haven't asked that i have no announcements to make with regards to personnel. the president has not made decisions on personnel matters. and you will not hear me discuss them until the president has made those decisions and has announced them. >> these are two of the top military brass either involved in extramarital affair or inappropriate behavior, is the president as commander in chief all worried about a culture, inappropriate culture in the military? >> i really would ask you to not extrapolate broadly. the president has great confidence in the mill

into the economy -- did not sell much creating jobs -- i am focused on trading business for the small people -- the people trying to become middle- class. there would have been more going around it. everybody has ideas. the thing we need to focus on is seriously alternative fuels. with alternative it feels, -- alternative fuels, other people can have a chance to put their idea not so much in big oil -- everybody gets a piece of the pie. host: on your comments about how much money was spent. here is "usa today." on the issue of whether or not the big wealthy donors cut their money's worth. go ahead shirley. caller: the people in this country are so tired of the fighting in the washington. like the one candidate said, if they do not do their jobs, they do not get paid. we, the people, have to start taking these matters into hands. we are sick of it. what i would like to tell john boehner is, do not cave in to the craziness. this is nothing but craziness. i watched harry reid yesterday. he talked and talked and really said nothing. i thought to myself, all you do is dance around these bills tha

on revenue. but we are also not about to further weaken the economy by raising tax rates and hurting jobs. bill: in 30 minutes, what would steve forbes do? martha: that's a question i always ask myself. in this situation, what would steve forbes do? pill * these are big, big issues and negotiations will go late into the night. we'll get steve's take coming up on that. martha: an investigation is underway after a small plane carrying three pilots crashed into a neighborhood. what witnesses heard and saw there. bill: there were serious questions about eric holder and the petraeus affair. why didn't he tell the white house any sooner? >> lawmakers want to know in terms of when petraeus found out. he was under investigation. has it had any impact on the comments he made to senators about benghazi and what he knew? we just learned general petraeus says he does want to testify about benghazi. more in a moment. >> you can't get to the bottom of benghazi without him testifying. i want to hear from him what he knew before, during and after the attack. there is nyoo substitute for his testimony in

>> policymakers to talk about the global economy for the next 30 minutes. we have a wide terrain to spend. to the left is robert zellich, former president of the world bank. austin, former chairman of the economic advisers under prawsm, and michael who spoke last night briefly, and he's the chief economic adviser for george hw or bush and now a stanford economic professor. i want to start out with the united states. for people in the room understand the president as well as us and golsby. people ask what is going to come of this fiscal cliff. i'd like to look through the fiscal cliff asking you to describe to us how do you see the budget negotiations playing out over the next six months? >> well, feels to me like they almost had a deal last year. the principle bottleneck last year was not that the president was unwilling to offer cuts. it was that there was a group of republicans in the house who wouldn't go for the revenue, and i think that's still the bottleneck now. you probably saw the article this morning from hubbard, what boehner said, and i take from this collection some

to support the innovation economy in the united states. we are looking to produce better and new jobs and position to ensure that america remains at the forefront of the economy in the 21st century. we are working to ensure that all americans have the resources and the skills necessary to fully share in all of the possibilities, civic, social, and economic. all of these made possible by the internet. that is one of the reasons we are here today. he discovered for the administration is the broadband technology opportunities program or btop. this program was established in 2009 by the american reinvestment and recovery act and is administered by ntia. we have nearly $4 billion invested in roughly 230 projects across the country, all aimed at expanding broadband access and adoption in the country. and i want to tell you a little bit about the programs and then tell you about why we care so much about this issue. so, we have the btop for infrastructure projects. these are building broadband networks in areas that are currently underserved. they are making sure that hospitals, schools, and

the economy over any part of the fiscal cliff. instead of raising tax rates on the american people and accepting the damage it will do, let's start to edge of the problem. let's focus on tax reform that closes special-interest loopholes and lower tax rates. instead of accepting arbitrary cuts that will endanger the national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. 2013 should be the year we begin to solve the debt through tax reform and in time reform. together we should avert the fiscal cliff in a manner that ensures 2013 finally is that year. shoring up entitlements and reforming the tax code, closing special-interest loopholes and deductions and moving to a fair, cleaner, and simpler system will bring jobs home and results in stronger healthier economy. that means more revenue, which is exactly what the president is seeking. without a strong economy, we will never be able to balance the budget and eraser country's debt. this can lead to a common ground. the president and i had a brief

efficient. i don't think it will make the economy grow 10% but maybe a little bit. >> i still think comprehend -- comprehensive immigration reform is important because it depresses wages when you have 11 million undocumented people. if he could move the people out of that status, that will have a positive benefit not just to those people but to the wages of others. i think educational equity is a critical issue. it is a significant challenge. in the short-term, medium-term, long term, there is much equity in education. it is not something the political process love to discuss. it is a state issue but it is when we need to think more creatively about how to modify. >> it is nice to go last on this one because i can think. the first thing i would do is a really great, high quality, pre- k education for the kids in the bottom 1/3 of the income scale and this is supported by conservatives and liberals alike. it has been written how critically important that as. is. full employment -- in my lifetime, the only time i have seen the income distribution and the mobility issues to improve thi

market. that hurts the economy. brooke. >> alison kosik, thank you very much. and thank you very much for being with me here. i'm brooke baldwin at the world headquarters of cnn in atlanta. let's go to my friend wolf blitzer, "the situation room" starts right now. hey, wolf. >> hi, brooke. thanks very much. happening now, president obama gets down to business. he's signaling what his priorities are for term two. also, a dramatic courtroom confrontation of the former congresswoman gabrielle gifford stares down the man who tried to kill her. now that the voters have had their say, colorado's marijuana growers and would-be legal dealers face a showdown with the federal government. i'm wolf blitzer. you're in "the situation room." >>> today we're getting our first inside hints about what's on the president's to-do list now that the election is over. the list includes huge issues like taxes, the deficit, headline making overseas trip and a possible shakeup of his cabinet. let's get right to our chief white house correspondent jessica yellin. she's been doing some reporting. jessica, what a

to the be leaders of the free world. he ran to be in charge of the economy. the fact of the matter at the end of the day it will be his fingerprints and negotiations have to stop panicking and stop negotiations in public and stop surrendering the principles if boehner felt there should be revenue increases wait to talk to the president do not go on abc news, or abc news and talking about how obamacare is wrong and we are prepared to do revenue increases. that wasn't the decision of the election. harry reid is out this talking about 19 trillion or $20 trillion in debt. we get beyond january 1, we signed off on $2.5 trillion more in debt. we signed off on trashing businesses. tracking the so-called rich. anyone who earned $250,000 and more will have a hugely negative effect on our economy. what have we achieved? >>neil: if part of the revenue issue isn't raising the rates, but is closing loopholes, and credits and special allowances. >>guest: like mortgage interest deduction? >>neil: hear me out. is it leaving mortgage and charitable deductions aside, you are right, the devil is in the details

of the economy, it's tens of billions of dollars. literally, leighing the economy, that means job growth and innovation going away and jobs overseas. here is what happens. epa alone accounts for 10 billion in lost record. i can't follow whatever, waste or this highway, grow tomatoes, i'm not doing it here. i will go to mexico and grow tomatoes. that is how regulation kills miles per hour business >> bob: that's what happened to my tomatoes. >> eric: regulation. >> bob: i find it amazing when you have something as big as the healthcare act going in a couple of years couple hundred thousand regulations is not surprising. >> andrea: they don't have to do with just healthcare, they deal with energy. a huge job creator. head of the chamber of commerce was on cavuto and said energy, that is what where we will get jobs. the feds will close off more federal land a.m. even though obama said in the debate no, we haven't. we're going to open them up. we have. >> dana: great american success story in innovation and ingenuity of technology created that is now putting america on a path to become less

to him live. we'll see which way the worm turns this morning. martha. martha: go back to the economy for a moment because there is a dire warning to lawmakers on our economic future. moody's investors service says the u.s. still get as negative rating because of the uncertainty surrounding the so-called fiscal cliff. all of this comes as congress today returns to work on capitol hill for their first session since september after a hard-fought election. paul ryan is now speaking out for the first time. he says he is ready to reach across the aisle. >> it's part of my job to be a part of the solution to try to make this divided government work because the issues we talked about seven days ago are still the issues we have to deal with today, the economy, a debt crisis. we have got a health care system problem. i worry about our military. these same problems exist and we'll have to find a way of finding common ground to make them work. martha: paul ryan who hoped to be vice president of the united states come january, now finds himself in his congressional seat still in wisconsin and say

and climate change legislation. saying instead that he was focusing first on the economy and creating jobs. >> i am a firm believer that climate change is real, that it has impacted -- as a consequence i think we have an obligation to future generations to do something about it. and understandably i think the american people right now have been so focused and will continue to be focused on our economy and jobs and growth that if the message is somehow we're going to ignore jobs and growth simply to address climate change, i don't think anybody's going to go for that. i won't go for that. >> reporter: now, wolf, president obama said that more needs to be done. but he says he wants to have a national conversation talking to scientists, elected officials, engineers. so keeping it very broad. not getting into specifics. not talking about the sweeping energy and climate change legislation. but when you're talking to folks on both sides of this, those who are environmentalists, those who are in the energy industries, they seem to think that doesn't mean that he's not going to be taking action ju

-time jobs which is great for the economy anywhere. even more in the seasonal and job front popping route that this is a first outlet mall that has been open and four california in 11 gear years. >> my daughters are looking for the coming to them all the of the market on the calendar. >> i love that i come back all the time of my friends. and not let key brands i really like their jeans and i will come back here and buy them then to go to the regular store. >> the city of livermore plunged pitch and $30 million for interest its infrastructure support. it will be between $68 million the year to bring in revenue which would be great. it opens at 10:00 this morning but the good news is it will stay open until midnight tonight and tomorrow night. >> with the economy in the way it is an evil struggling with the they are it was certainly a roll the dice of if you build it they will come. >> we're talking bloomingdale's and saks fifth avenue our money. people are saying they're hoping the people from seven cisco and tourists to come out and take glass buses and do their shopping out here. -- san

the objective reality, you know, what are the problems with the pack -- pakistani economy, what are the faults of the economy, which is a democracy, even if it's distorted, what are the problems with the neighbors. the main problem i see in the relationship is that we have rather pernicious stereotypes about one another. there's an american narrative and pakistani narrative in the way of our understanding. the american narrative understanding is these are a bunch of thieves and double crossers who take our money and don't do what we want them to do. this is a widespread prejudice against pakistan, and there's enough truth to it in the sense you can always find evidence of this, that it guides a kind of negative downward spiral and makes it hard to develop trust. pakistanis have a narrative that they use us and discard us. use us against the russians in the 1980s, toss us because because of nuclear proliferation in 1990. they use us in the war after 9/11, but after 20 # 14, they are going to go away. you can count on it. pakistanis think americans are hard wired to desert them. this set of ster

the program on china and latin america. china is also going through añ&r transition, and also china's economy's extremely important for many latin american countries increasingly so, and she's going to share thoughts about what that relationship might look like. we're delighted to have margaret with us as realm. she just came back from about a month in china m i think we'll have some fresh perspective and insight about the situation there, and, obviously, people are increasingly interested in latin america, what's happening in china, and the united states, the two very important players. let begin with a few comments before turning it8/á#i to any colleagues and them opening it up to all of you. last april, the dialogue produced a policy report that reflected the analysis and recommendations of the members of the inter-american dialogue, and we talk about area opportunities in the areas of trade and energy and other global affairs that really should be taken advantage of by the united states moving forward, but we emphasized as well there were three issues that were on an old agenda that had

the dialogues program on china and latin america. china is also going through a transition and china's economy is extremely important for many latin american countries, increasingly so, and she is going to share some thoughts about what that relationship might look like. we're delighted to have margaret with us as well. margaret just came back from about a month in china, so i think we will have some fresh perspective and insight about the situation there, obviously, people interested in america, what is happening in china and the united states, to dip a very important players. let me begin with a few comments before turning it over to my colleagues and opening up to all of you. last april, the dialogue produced a policy report that reflected the analysis and recommendations of the members of the inter-american dialogue, and we talked about opportunities in the areas of trade and energy and other global affairs that really should be taken advantage of by the united states moving forward. but we have to -- we emphasize as well there are three issues that were on an old agenda that had not been

that they are back into recession. the economy shrinking. a 10 year on note shrinking. the housing market is improving, but obstacles still block a faster recovery. >> it seems likely this point that the pendulum has swung too far the other way. that overly tightened lending standards may now be preventing creditworthy borrowers from violent homes. thereby, slowing the revival of housing and keating economic recovery. lou: the good news is that i can do something about that. "the wall street journal" reported the federal housing administration has a $13.5 billion deficit. let me repeat that, $13.5 billion deficit. it is not official, but it is all but certain. oil giant bp and the justice department reaching a settlement over the deepwater horizon disaster in the gawker of the worst offshore oil spill in american history. bp oil agreed to pay $1.5 billion related to the death of 11 workers. three of the employees were also indicted on criminal charges including manslaughter and lying to congress. and raising taxes on the wealthy to prevent the economy from going over that cliff. afl-cio p

facing lbgt people. and i said, i don't know, the economy or jobs -- jobs and health care. and they were like, you know, what are the lbgt issues? you know, these are the issues. we actually cut across every demographic status and that means that in many ways, every issue that is facing other people in society are the very issues that we are facing, too. the ones that have been the big issues, maybe a little bit more unique to some of the specific issues. but they are not the only ones. if we can make ourselves visible, obviously it is not inclusive of the entire community. he beat out a whole swath of this. how many people are married? even in the broader general society versus people who aren't married. that is even a smaller number for same-sex couples. we have a lot of work to do and a lot of discrimination of people continue to face. >> i wanted to talk about thinking about the future of marriage equality. however it goes forward through the states. there is very much a way that that could be mobilized for an aggressive agenda. i wondered if he wanted to make any connections between

jobs in this economy. >> and we tried to do the same thing in philadelphia, a sugary tax, no, no, it was knocked down by city council, almost instantly. you've been to philly, no. >> alisyn: don't mess with-- >> we're going to tax your cheese steak, no, you're not. i get the idea what they're trying to do. they're trying to make us more healthy. it's personal responsibility. leave it up to me to eat the big mac. >> dave: denmark showed us the way. >> alisyn: you'll always make the wrong decision. you can find us all on twitter and let us know if you think that the fat tax has any merit, including increasing revenue. >> dave: all right. coming up next, they stand in the front lines to protect our freedom, this veterans day we'll meet a woman whose husband just returned home from afghanistan, she shares what it means to be a spouse of a guardsman. >> then, if congress can't come to a compromise, millions of americans could pay the costs come next year. so, what does the nearing fiscal cliff mean for your wallet? we'll talk about that. ♪ come together right now ♪ over me ♪ ooh

economy." not true! [ ♪ theme music ♪ ] on your radio and on current tv, this is the bill press show. >> welcome. >> john: this is the "bill press show" live on your radio on current it and on your computer as well. i'm john fuglesang filling in for bill this morning. what a pleasure to be here with you in our nation's capital. i'm thrilled about this next guest. dan glickman who anyone who follows politics is familiar with. the man has had a remarkable career. a congressman. from the great state of kansas for 20 years. chair of the house intelligence committee under president clinton. u.s. secretary of agriculture under president clinton. director of the institute of politics of harvard university's john f. kennedy school of government. executive director of the congressional program. you think a guy like that could rest on his laurels and enjoy his fat resume. he's the senior fell loaf the bipartisan center. right now he's at the summit in new orleans which started yesterday. please welcome former cong

consensus around the challenges that we can only solve together. in a time when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that's the focus of the plan that i talked about during the campaign. >> president obama spoke publically the night that he won his second term when he gave his victory speech in chicago. thereafter, though, he did speak privately to some campaign volunteers in chicago. we would not have seen those remarks if not for the fact the president while speaking with volunteers he did something which he almost never does. he choked up and started crying and so that tape ended up being widely seen. and today's remarks in the the east room of the white house were the first time that president obama has made an official public statement. you could tell that in part by the huge round of applause he got as he walked into the room. applause from people invited to attend the speech and from a bunch of white house staffers who may not have seen the president since he earned another term and ensured all of those white hou

with house republicans or face automatic cuts that will likely contract the economy. labor groups including the heads of the afl-cio and seiu will sit down with obama today, followed by corporate ceo's on wednesday. the president has vowed to@ resist republican calls for extending tax cuts to the wealthiest americans, but has signaled he may compromise on reducing so-called entitlements such as medicare and social security. speaking on msnbc, independent senator bernie sanders of vermont said the 2012 elections signaled a rejection of the republican agenda. >> the middle class of this country say, yes, we have to do deficit reduction but don't cut social security, don't cut medicare, don't cut medicaid. there are ways to balance the budget which is fair. they have to understand they lost and that the wishes of the majority of the people in this country prevail. >> will have on the so-called fiscal cliff talks later in the broadcast. the scandal that has brought down cia director david petraeus is down staring general john allen, the top u.s. commander in afghanistan. the pentagon says the f

go off the fiscal cliff the economy goes into recession. this is not a small matter. i think we have to address this. martha: the deadline is 6 to 7 weeks away. it makes you wonder why we didn't have an active debate about this during the course of this election process. bill: if there is no deal, check this out. the number of american taxpayers affected, 158 million. american household will face an average of $3,500 in additional taxes starting the first of the year. that means 88% of household will see their taxes go higher. martha: that's one of the many immediate battles facing this president as he heads into his second term. governor mike huckabee joins us on that in his first post-election reaction. also this morning we are learning new details on iran's attempt to shoot down an unmanned u.s. aircraft. last week two russian-designed iranian warplanes fired and missed the drone as it flew in international air space. the pentagon says this will not change america's mission in the region. >> the united states communicated to the iranians we'll continue to conduct surveillance flig

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